FARE’s submission to the Australian Government’s Tax Forum outlines the case for immediate alcohol taxation reform and suggests that the first step must be changing the wine equalisation tax to a volumetric tax.
Recommendations
- Immediately replace the WET with a volumetric rate of taxation
- Abolish the current WET rebate and replace it with a structural adjustment package that assists the wine industry to address the current oversupply
- Immediately begin working with the state and territory governments to mandate the collection of alcohol sales data to be used in prioritising further reform
- Within one year, carry out an analysis of the alcohol taxation system and develop and implement a longer term plan for alcohol taxation reform
